BTPN eyes IDR 6.73 trillion in rights issue, SMBC and BCA to take part
22 Feb 2024 12:44
PT Bank BTPN Tbk (BTPN) will carry out a capital increase with pre-emptive rights, also known as rights issue, of 2.58 billion shares.
Holding a private placement, SLJ Global (SULI) welcomes new investors
22 Feb 2024 12:40
PT SLJ Global Tbk (SULI), the issuer in the forestry and wood industry sector, conducted a private placement of 1,326,481,737 new shares. On Monday, February 20, market hints showed the moves of three new SULI investors who decided to participate in this corporate action. Mataram Limited was the first, having recently acquired 554.04 million shares via PT Binaartha Sekuritas, giving it a 10.25% ownership stake. Additionally, after purchasing 296.52 million SULI shares, PT Pelayaran Sentra Arung Makmur now owns 5.49% of the shares. PT Borneo Karya Persada is the next significant shareholder, having purchased 286.66 million shares, or 5.31% of the total.
Net foreign volume reaches 1.06 billion shares as foreign buy volume significantly surpasses foreign sell
22 Feb 2024 11:45
Foreign investors' share-buy transactions kept increasing until Tuesday, February 20, when the volume of foreign purchases reached around 3.15 billion shares. This figure was significantly higher than the foreign sales volume, which was just about 2.09 billion shares. As a result, the net foreign volume reached a surplus of 1.06 billion shares. One of the factors contributing to the increase in foreign buying volume was the purchase of 1.03 billion shares of the digital company PT GoTo Gojek Tokopedia Tbk (GOTO), with a net volume of 597.32 million shares.
Indomobil and VKTR Teknologi Mobilitas to accelerate EC adoption
22 Feb 2024 08:45
PT IMG Sejahtera Langgeng (IMGSL), a subsidiary of PT Indomobil Sukses Internasional Tbk (IMAS), has signed a strategic partnership agreement with PT VKTR Teknologi Mobilitas Tbk (VKTR).
ITMG’s profit shrank 58.33% in 2023
22 Feb 2024 07:14
The net profit of PT Indo Tambangraya Megah Tbk (ITMG) decreased 58.33% throughout 2023 compared to the same period in 2022. The decline of profit was driven by lower revenue.
Up 28.5% yoy, CIMB Niaga scored IDR 6.55 trillion of profit in 2023
21 Feb 2024 15:26
PT Bank CIMB Niaga Tbk (BNGA), the private bank with the third highest market capitalisation in Indonesia, booked net profit of IDR 6.55 trillion in 2023, increasing 28.5% year-on-year (yoy).
GEMS’s subsidiary to secure facility of USD 7.5 million from Eximbank
21 Feb 2024 14:58
PT Borneo Indobara (BIB) and PT Barasentosa Lestari (BSL), 2 subsidiaries owned by PT Golden Energy Mines Tbk (GEMS), has obtained a financing facility from Indonesia Eximbank of total USD 7.5 million.
After purchasing 405 million shares, Satya Mulia Gema currently owns 10.42% of Polychem (ADMG)
21 Feb 2024 12:41
On Monday, February 19, PT Satya Mulia Gema Gemilang acquired 405.35 million shares of PT Polychem Indonesia Tbk (ADMG), a company that manufactures chemicals and polyester. This new investor received immediate control over 10.42% of the shares through this transaction, which was handled by PT Equity Sekuritas Indonesia. In addition, the department store issuer PT Ramayana Lestari Sentosa (RALS) initiated a further buyback action of 5.42 million shares, while PT Arthakencana Rayatama acquired 4.86 million shares of PT AKR Corporindo Tbk (AKRA), which distributes fuel.
Jokowi reshuffles cabinet again, installing 2 former armed forces
21 Feb 2024 11:21
President of Republic of Indonesia, Joko Widodo (Jokowi), once again reshuffles its ministers by appointing 2 former personnels of Indonesian National Armed Forces (TNI) as Coordinating Minister of Political, Legal, and Security Affairs and Minister of Agrarian Affairs and Spatial Planning.
State sukuk auction recorded total bids of IDR 19.88 trillion
21 Feb 2024 11:01
The total incoming bids submitted in the auction of Government Sharia Securities (SBSN) or state sukuk yesterday (20/2) were recorded at IDR 19.88 trillion.
